G7 climate commitments fall short of corporate expectations
"This is a missed opportunity even at a time of uncertain politics.”
Leaders of the Group of Seven (G7) developed nations committed to accelerating their transition away from fossil fuels during this decade at their Bonn summit, but climate-minded businesses were left “frustrated” by this outcome.
In a statement issued at the conclusion of their summit in Bonn, Germany, on Monday, leaders of the G7 said: “We will transition away from fossil fuels in energy systems in a just, orderly, and equitable manner, accelerating actions in this critical decade, to achieve net-zero by 2050 in keeping with the best available science.” The document also includes a pledge to phase out “existing unabated coal power generation in our energy systems during the first half of the 2030s.”
